Marine Petroleum Trust (Marine Petroleum Trust) Total Assets : $0.91 Mil (As of Mar. 2024)

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What is Marine Petroleum Trust Total Assets?

Marine Petroleum Trust's Total Assets for the quarter that ended in Mar. 2024 was $0.91 Mil.

During the past 13 years, Marine Petroleum Trust's highest 3-Year average Total Assets Growth Rate was 51.30%. The lowest was -81.50%. And the median was -6.90%.

Total Assets is connected with ROA %. Marine Petroleum Trust's annualized ROA % for the quarter that ended in Mar. 2024 was 48.82%. Total Assets is also linked to Revenue through Asset Turnover. Marine Petroleum Trust's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.

Marine Petroleum Trust Total Assets Historical Data

The historical data trend for Marine Petroleum Trust's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marine Petroleum Trust Total Assets Chart

Marine Petroleum Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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0.97

0.94

0.90

1.15

0.98

Marine Petroleum Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.94	0.98	0.96	0.99	0.91

Marine Petroleum Trust Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Marine Petroleum Trust's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	0.978	+	N/A
	=	N/A

Marine Petroleum Trust's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	0.907	+	N/A
	=	N/A

Marine Petroleum Trust (NAS:MARPS) Total Assets Explanation

Total Assets is connected with ROA %.

Marine Petroleum Trust's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.464	/	( (0.994	+	0.907)	/ 2 )
	=	0.464	/	0.9505
	=	48.82 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Marine Petroleum Trust's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.235	/	( (0.994	+	0.907)	/ 2 )
=	0.235	/	0.9505
=	0.25

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Marine Petroleum Trust Total Assets Related Terms

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Marine Petroleum Trust (Marine Petroleum Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marine Petroleum Trust (NAS:MARPS) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

c/o Corporate Trustee, Argent Trust Company, 3838 Oak Lawn Avenue, Suite 1720, Dallas, TX, USA, 75219

Website

https://www.marps-marine.com

Marine Petroleum Trust is a U.S based royalty trust. It provides administration and liquidation of rights to payments from oil and natural gas leases in the Gulf of Mexico. The Trust's subsidiary holds title to interests in properties which are situated offshore of Louisiana. The revenues of the trust are derived from the oil and natural gas production activities of third parties.